A retired math teacher bought a graphics card, then bought the stock — 112 shares became a retirement cushion
3 min read · RealCase summary
Chris Downs, a 66-year-old retired math teacher living in rural Missouri, bought his first 112 shares of Nvidia in March 2020 at $79 each, after buying a computer with an Nvidia graphics card for video editing at the start of the COVID-19 lockdowns and being impressed by its performance.
He sold 28 of those shares in July 2023 at $436 each to offset losses elsewhere in his portfolio, leaving him with 84 shares that were worth more than $65,000 as of the article's report.
Downs, who retired from teaching three years before the article, plans to sell more shares around election season and reinvest the proceeds for his four children, continuing a pattern in his family. In the meantime the gains have funded monthly travel -- trips to Bolivia, Paris, and Mexico City, with Spain next on the list. "It's nice in retirement not to have to worry," he said, pointing to the cushion the stock gives him against financial emergencies.
Key takeaways
- ›Bought 112 Nvidia shares at $79 each in March 2020, prompted by buying one of its graphics cards
- ›Held through the stock's multi-year run rather than selling at any of the early gains
- ›Sold 28 shares in 2023 to offset other losses; the remaining 84 shares are now worth over $65,000
Original source
Read the original (Entrepreneur)
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